Timeline for Insider trading and assertions made by influent agents
Current License: CC BY-SA 4.0
9 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Sep 15, 2021 at 10:49 | vote | accept | Tortar | ||
| Sep 15, 2021 at 10:47 | comment | added | JBentley | @tortar Also if this is a real situation and not just hypothetical then be aware of my jurisdiction tag at the start of the answer. I say that because your use of the word "stock" suggests you are elsewhere since the word "share" is more commonly used here. | |
| Sep 15, 2021 at 10:42 | comment | added | JBentley | @tortar But that is probably a dangerous fence to be sitting on. If the price does react to the news then you will have a hard time arguing that an affect on the price was not likely. The sensible approach is that if there is any doubt, you should announce first. | |
| Sep 15, 2021 at 10:39 | comment | added | JBentley | @Tortar you should examine the 2nd item of information separately and work through the definitions above to see if it applies. For example, if you didn't even have knowledge of the 2nd announcement when you bought the shares then it is fine. But if you did and the other criteria are satisfied then the fact that there was some earlier disclosed information is irrelevant. "More uncertainty on the result" could be relevant because of the requirement that "the information would, if made public, be likely to have a significant effect on the price of the securities." | |
| Sep 15, 2021 at 9:44 | comment | added | Tortar | thanks for the answer @JBentley, really well explained. I have one last question : what about a sequence of positive announcements? Say I do the first then I buy the stock, and after some time I give another positive announcement, obviously in this case there is more uncertainty on the result, but is this permitted ? | |
| Sep 15, 2021 at 3:54 | history | edited | JBentley | CC BY-SA 4.0 |
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| Sep 15, 2021 at 1:18 | history | edited | JBentley | CC BY-SA 4.0 |
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| Sep 14, 2021 at 21:26 | history | edited | JBentley | CC BY-SA 4.0 |
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| Sep 14, 2021 at 21:20 | history | answered | JBentley | CC BY-SA 4.0 |